答案如下
The domestic interest rate is 7 percent and the foreign interest rate is 9 percent. If the forward rate is 5 domestic units/foreign unit, what should the spot exchange rate be?
A)5.72. B)5.09. C)4.83. D)4.91
The correct answer was B) 5.09.
Using the following interest rate parity equation:
ForwardDC/FC=SpotDC/FC * [(1+rdomestic)/(1+rforeign?)]?
Solving for the spot rate: ?SpotDC/FC = ForwardDC/FC * [(1+rforeign)/(1+rdomestic)]?
= [(1+.09)/(1+.07)](5)
= (1.09/1.07)(5)
= 5.09
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发表于 2006-4-3 12:33
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